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Leszek Balcerowicz

Britain in the early 1970s was decayed, ungovernable and globally irrelevant, done in by the cumulative effect of postwar socialist reforms. Margaret Thatcher, who came to power as the nation’s first female prime minister in 1979, returned Britain to the realm of the great ...

WARSAW — Episodes like the current financial crisis seriously disrupt economic growth. But the question that we should be asking concerns such episodes’ impact on longer-term development. And that question has attracted surprisingly little interest. Traditional growth theories focus on systematic forces — for ...

WASHINGTON — The defeat of the Kaczynski twins’ Law and Justice Party (PiS) in Poland brought sighs of relief across Europe. But, as Donald Tusk’s new government assumes office, it is important to learn the lessons that their defeat holds for all of us. ...